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There is a slight advance notice with CL in the early morning, with the green line CL topping before the blue bars ES, then the lows align in time. Next CL has a dramatic spike and hits it maximum level. CL falls makes a low below its previous low (confirming its downtrend for the day). It makes a retracement and then drops off.
Notice that its retracement high preceeds the ES high. This gives you a warning to short ES.
How low will ES go?
Since the CL broke its low (prior to the retracement -0.75% area), then it could be that the ES will break its low (at the 0% area).
